Generate Employer Code (EC) from PenCom in 2 easy steps
Spread the loveWhat is an Employer Code (EC)? An Employer Code (EC) is a unique identification alpha-numeric code that is issued to eligible employers who are duly registered with PenCom…
PenCom Announces Significant Amendments to Voluntary Pension Contribution Guidelines
Spread the loveThe National Pension Commission (PenCom) has introduced substantial changes to the Voluntary Pension Contribution (VC) Guidelines under the Contributory Pension Scheme (CPS). The updates, outlined in a circular…
Anticipated Pension Increase for all FG Retirees in 2024
Spread the loveIn a promising development for pensioners in the federal civil service, there are indications that monthly pensions might be increased in the coming year. This revelation stems from…
State Governments Accumulate ₦1 Trillion Pension Debt, Struggle to Embrace Contributory Pension Scheme
Spread the loveState governments across Nigeria are grappling with a staggering pension debt estimated at approximately ₦1 trillion, according to a comprehensive review. Despite the enactment of the Pension Reform…
Can Programmed Withdrawal (PW) pay you for life?
Spread the love By: PensionTalk There is always a debate about whether Programmed withdrawal (PW) can pay a retiree for life or not. This question is very crucial, especially to…
PenCom Mandates PFAs to Expand Branch Network for Enhanced Service Delivery
In a move aimed at improving access and service quality for pension contributors and retirees, the National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to establish branches in…
PenCom Cracks Down on Employers with Incomplete Pension Documentation
Spread the loveThe National Pension Commission (PenCom) has issued a stern warning to employers failing to provide complete documentation for their employees’ pension contributions. In a press release, PenCom revealed…
Download List Of Organizations issued Pension Compliance Certificates as at 18th July 2023
Check if your organization has a pension compliance certificate (PCC) to show if it is complying with the Pension Reform Act (PRA) 2014. Download the list of organizations issued PCCs.
Premium Pensions Ltd Addresses Merger Speculation, Emphasizes Customer Interests
In response to recent speculation and circulating misinformation, Premium Pensions Ltd has come forward to address the rumors surrounding a potential business combination with an undisclosed entity.
Nigerian Governors Leave Mounting Burden of Unpaid Pensions and Gratuity
In a disheartening state of affairs, a significant number of outgoing, returning, and sitting governors in Nigeria are burdening their respective states with a mounting pile of unpaid gratuities, pensions,…
Employers’ Checklist Under the Contributory Pension Scheme (CPS)
Spread the loveThe Pension Reform Act (PRA) of 2014 established a ground-breaking rule for employers in the private and public sectors in an effort to safeguard the financial security of…
PFAs Online Data Recapture Exercise (DRE) Useful Links
If you are finding it hard to do your Data Recapture Exercise online, this is for you.
How to generate Employer Code (EC) from PenCom under the CPS
Spread the loveWhat is an Employer Code (EC)? An Employer Code (EC) is a unique identification alpha-numeric code that is issued to eligible employers who are duly registered with PenCom…
CPS: Police retirees reject new pension enhancement
Spread the loveRetirees of the Nigeria Police Force, who are under the Contributory Pension Scheme (CPS), are rejecting the recent announcement of an “Enhancement of Monthly Pension Payment” made by…
Want to Open a Retirement Savings Account (RSA) with ease? Read this
Spread the loveThe Pension Reform Act (PRA) 2014 has made the opening of retirement savings accounts (RSAs) by prospective qualified RSA holders simple and seamless. Before implementing the Contributory Pension…
Data Recapture Exercise – How to do it
The Data Recapture Exercise (DRE) is an exercise conducted by PFAs or appointed agents which involves recapturing the personal data including biometrics of all existing registered RSA holders who must…
Planning Your Retirement? Read this from a Retirement expert
Spread the loveBy: Tukuru Muftau Retirement refers to a situation when an employee comes to the end of his or her working career. It is a time when an individual…
Debunking The Myth about Programmed Withdrawal 10-year limit
Spread the loveOn a fateful day, I received a message from Tayo, a Retiree who is utterly confused as to whether to choose an Annuity or Programmed Withdrawal (PW). “I…
BPSR Partners with Stakeholders to Address Pension System Challenges in Nigeria
Spread the loveThe Bureau of Public Service Reforms (BPSR), in collaboration with key stakeholders, has initiated efforts to tackle the challenges and explore opportunities within Nigeria’s pension system. This initiative…
Governor Ododo Approves Historic Pension Adjustment in Kogi State After 20 Years
Spread the loveGovernor Ahmed Usman Ododo of Kogi State has set a new precedent by approving a pension harmonization for retirees in the state, marking the first adjustment in 20…
“Nigeria’s Contributory Pension Scheme Poised for Expansion as States and Informal Sector Drive Growth”
Spread the loveAs Nigeria’s Contributory Pension Scheme (CPS) marks its 20th year, the scheme is set for significant growth, with industry experts noting that increased compliance by state governments and…
Lagos State Pays N740 Million Pension Rights to 348 Retirees, Expands Welfare Support
Spread the loveThe Lagos State Government has disbursed N740 million in accrued pension rights to 348 retirees, marking another milestone in its commitment to retirees’ welfare and financial security. This…
Retirees in Southeast Nigeria Lament Pension Delays, Call for Overhaul of Pension System
Spread the loveRetirees in Anambra, Ebonyi, and Enugu States have expressed deep frustration over the delayed disbursement of their pensions, calling on the Federal Government to eliminate bureaucratic obstacles that…
PenCom Pushes for Pension Increment, Advocates for Better Conditions for Retirees
Spread the loveThe National Pension Commission (PenCom) has hinted at plans to push for pension increases for public service retirees in Nigeria, aligning with constitutional provisions. This development was revealed…
